GDP Calculator – Starlight Tools

Gross Domestic Product (GDP) Calculator

Calculate GDP using two common economic approaches.

Expenditure Approach

Formula: `GDP = C + I + G + (X - M)`

GDP = Personal Consumption (C) + Gross Investment (I) + Government Consumption (G) + (Exports (X) - Imports (M))

Personal Consumption

Gross Investment

Government Consumption

Exports

Imports

Resource Cost-Income Approach

Formula: `GNP = C + P + R + C + I` and `GDP = GNP + IBT + D + NIF`

GNP = Employee Compensation + Proprietors' Income + Rental Income + Corporate Profits + Interest Income
GDP = GNP + Indirect Business Taxes + Depreciation + Net Income of Foreigners

Employee Compensation

Proprietors' Income

Rental Income

Corporate Profits

Interest Income

Indirect Business Taxes

Depreciation

Net Income of Foreigners

*Net income of foreigners refers to the income domestic citizens earn abroad subtracted from the income foreigners earn domestically.

What is Gross Domestic Product (GDP)?

GDP is the total monetary value of all the finished goods and services produced within a country's borders in a specific time period. It serves as a comprehensive measure of a country's economic activity and is often used to gauge the size of an economy.

The two most common methods for calculating GDP are the Expenditure Approach and the Resource Cost-Income Approach. Both methods, in theory, should yield the same result as one measures total spending on goods and services, while the other measures the total income generated from producing those same goods and services.